how does SAOL manage to give Rs 500 / - per survey

Reward points for doing online work are not a strange or unique idea at all.

There are many examples of unrelated businesses: https://www.globaltestmarket.com/ and other competing online survey companies. Our Payment of 10 RP (conceived value of Rs 500) is based on mean on international trends as we participate with global panel exchanges. International rates vary between $10 to $150, depending upon profile and domain complexity and specialization required for the survey data. For any panel providing business, it’s a business secret with their end client (mostly MNC’s) and are legally bound confidential and strict Non Disclosure Agreements. Further, SAOL participates in over 1,200 Panel exchanges and panel exchange programs across the world. It is these exchanges, which are in direct contact with Market Research (MR) companies or the final clients, for whom these surveys are conducted. We have no access to the details of the MR companies, nor their final clients for whom our panel participates in surveys through these panel exchange programs.

RBI, SEBI, Ministry Of Corporate Affairs and PMO gave clearance to SpeakAsiaOnline?

As per the knowledge of the Company and its advice received since inception, SAOL has not breached any provisions of Indian law, RBI, SEBI, or any other government authority. However, it has come to the notice of the company through its media sources that because of the negative campaign initiated by some organizations, that RBI, SEBI, Ministry Of Corporate Affairs and PMO have initiated enquiry against the working of the company. SAOL welcomes this because this will help the Company to clear the cloud if any.

However, till date SAOL has not been contacted by any of the Government Departments.

The Company assures its full cooperation and participation in any enquiry or investigation initiated/ conducted by the Government Authorities in India and in fact it reached out by email to all authorities including the PMO on 15 May 2011, requesting for an enquiry into its affairs since the allegations could damage its reputation and trust with the panelist community.

What is the business structure for Speakasia Online? How is money distributed to panelist?

Speak Asia is creating a panel community of empowered consumers, which earns rewards points by participating in various companies activities ( e.g. -e-zine sales , surveys filling , product referrals / sales , advertising based surveys , self development training programs ) on the website, including for India market entry activities.

RP payouts happen when the panelist burns those earned reward points for purchase of products and services from the website. The company’s business model is to make profits from product and service sales after providing for the cost of servicing the reward points. Speak Asia gets research done ‘on’ and ‘for’ different companies, products and services; panelists earn reward points (RP) for participating with their valuable opinions in the surveys. Effective June- July 2011, advertisement based revenues will start where panelists earn reward points (RP) for watching the ads carefully and giving them feedback on the same.

Products are available with Speak Asia at special rates; panelists earn through saving on purchase or reselling of products. The Reward Points thus earned, are redeemed through consumption of product and services offered by the company .i.e. Panelists can book products ( such as mobile, LCD, white goods etc … aptly demonstrated in recent GenX bazaar at Goa where over 4,00,000 reward points were used by just 3,000 panelists for booking goods ) . They can also buy subscription codes for distribution. The left over reward points can be encased on request made on the website. All cash requests are processed through the bank and money is sent from Singapore to respective banks through TT.

NOTICE

on 2nd june. 2011 at new delhi company is going to organize a function at talkatora stadium, new delhi. where will be really blasting news. function is divided into morning session and evening session. each session is capacity of 4000 panelist.

SAOL updates-31/05/11

Dear Speakasians,
We are very happy to announce the distribution of all the rewards achieved by Speak Asians under various reward programmes. The process for same shall be as per the schedule given below:

Provogue Gift Voucher's: Provouge Gift Vouchers for the reward program Direct'ly on the TOP ( worth Rs. 10,000 ) are being sent to the HVP Distributors who will help in distributing these Gift vouchers Area Wise. The list of achievers will be displayed on the site along with detail of the distributor from whom they are supposed to collect the vouchers. All achievers are expected to contact and collect their gift Vouchers from the respective Distributor in their area. These vouchers then can be redeemed at the nearest Provouge store. (Click here to download the list of stores where the gift vouchers can be redeemed)

TVC Gift Article: Majority of panellists have already received their gifts . Many panellists have not confirmed the new gift which has to be replaced due to non availability of the originally ordered gift. The delivery of the same shall begin from 3rd of June 2011. The gifts are being door delivered at the addresses given by you in your SAOL profile. In case of any non receipt kindly feel free to call up the TVC help line no. given on their website : www.tvcskyshop.com

Lenovo Laptop: The vouchers will be sent to all winner who will collect the Laptops from delivery points of Lenovo from 20th June onwards. The details of the delivery points will be communicated shortly.

Singapore Trip: The Trip has been planned in the First week of July. All the qualified panelists shall shortly receive a mail on their email id's as given on the SAOL profile. This mail shall have details of the documents to be submitted and the address. There after all interested panelist shall have to be prepared to send the passport to the travel agent by 15th June. This will help to obtain the VISA by 30th June 2011. Likely date of travel is 7th July 2011.

Mobile Phone: Google Android based touch screen smart phones shall start reaching the panellists from 3rd week of June. Kindly be informed that there are more than 50,000 phone to be distributed hence it is a time and effort consuming process. 4500 phones shall be door delivered on a weekly basis to assure completion . The panellists shall receive it in the order of qualification from the start date of reward programme.

TV Sets: As committed, the order for the TV sets have been placed. There is good news and we are sure the panellists are sure to appreciate that instead of 32" LCD TV the paneliests will receive 32" LED TV and the Distribution of TV sets will begin in the first week of July.

Cars: The car achievers are requested to forward the details of the nearest car distributors of the category achieved via their area managers.

Please note that the 'Send Me Cash' requests made during the period 13th May 2011 – till date have been reverted and added back to the Ewallet or Survey Ewallet of the ID .

Team SpeakAsia